U.S. Dollar / Euro forum
EURUSD took a sell here looks promising to 1.036
EURUSD is that clean rejection?
EURUSD just sell .
EURUSD interesting read forexlive.com/news/the-dollar-has-lost-its-trump-card-20250124/
EURUSD Welcome to the pain trade! 80% of retail lose money, simply because they have a recency bias or follow people with a demo account painting one side of the fence, but more importantly do not understand or know how to manage a portfolio! Congrats on being a statistic! Do yourself a favour, diversify your portfolio and importantly on who you listen to!
EURUSD 1.5 or 1.26? where are we heading?
EURUSD You have to cope to find your short bias don't you?
EURUSD I think EUROUSD fall down
EURUSD 📊 EURUSD 24th January 2025 Daily Analysis Based on Main Key Levels
Introduction
In the dynamic world of forex trading, understanding market movements is essential. This blog presents a comprehensive analysis of the EURUSD currency pair, focusing on critical levels and actionable trade setups. The current Daily Current Market Price (DCMP) for EURUSD is 1.04463, providing a foundation for our analysis.
Key Levels Summary
Resistance Levels Above DCMP (1.04463)
🔺 Resistance 1: 1.04337
🔺 Resistance 2: 1.04493
🔺 Resistance 3: 1.04745
Support Levels Below DCMP (1.04463)
🟢 Support 1: 1.04086
🟢 Support 2: 1.03834
🟢 Support 3: 1.03678
Swing Levels
📊 Swing High: 1.04584
📊 Swing Low: 1.01779
Trade Setup
💼 Intraday Buy Trade Setup
Entry Price: ✨ 1.04451
Stop Loss: ❌ 1.04350
Take Profit 1: 🎯 1.04550
Take Profit 2: 🎯 1.04650
Reason for Entry:
The support level at 1.04451 is below the DCMP, indicating a strong buying opportunity. This level aligns with significant technical support, suggesting potential upward movement.
💼 Intraday Sell Trade Setup
Entry Price: ✨ 1.04493
Stop Loss: ❌ 1.04550
Take Profit 1: 🎯 1.04400
Take Profit 2: 🎯 1.04300
Reason for Entry:
The resistance level at 1.04493 is just above the DCMP, presenting a viable selling opportunity. This level coincides with key technical resistance, indicating potential downward movement.
Analysis Summary
Resistance and Support Levels: Key levels indicate potential reversal zones. Resistance levels are identified at 1.04337, 1.04493, and 1.04745, while support levels are at 1.04086, 1.03834, and 1.03678.
Swing Levels: The Swing High is at 1.04584, and the Swing Low is at 1.01779.
Pivot Levels: The pivot level is at 1.04086, providing additional context for potential reversals.
Fibonacci Levels: Significant retracement and extension levels align with the identified support and resistance zones.
RSI Divergence: Indicates potential overbought conditions at resistance levels and oversold conditions at support levels.
MACD Crossing: Suggests bullish momentum at support levels and bearish momentum at resistance levels, confirming trade setups.
Conclusion
This analysis provides actionable trade setups and key levels to assist traders in making informed decisions in the EURUSD market. With the current market price at 1.04463, traders can utilize the outlined support and resistance levels, along with technical indicators, to execute trades confidently. Stay tuned for further updates and analyses!